Morningstar® Investment Profile™   Morningstar®
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T. Rowe Price Equity Income Port
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2022-05-31
Out of 1145
Large Value Funds
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What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks a high level of dividend income and long-term capital growth primarily through investments in stocks.
The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in common stocks, with an emphasis on large-capitalization stocks that have a strong track record of paying dividends or that are believed to be undervalued. The advisor generally seeks investments in large-capitalization companies and the fund's yield, which reflects the level of dividends paid by the fund, is expected to normally exceed the yield of the Russell 1000® Value Index.
  Morningstar Category: Large Value
Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 88.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 9.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.6
Bullet Other Other 0.7
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 35.61
Basic Materials 3.81
Consumer Cyclical 5.30
Financial Services 21.91
Real Estate 4.59
Sensitive 30.47
Communication Services 4.56
Energy 6.81
Industrials 10.78
Technology 8.32
Defensive 33.93
Consumer Defensive 6.66
Healthcare 17.79
Utilities 9.48
Data through 2022-03-31
Holding Status
Total Number of Stock Holdings 110
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 25.04
Turnover % (as of 2021-12-31) 19.80
30 Day SEC Yield % 0.00
Top Holdings
Sector P/E % of Net
Wells Fargo & Co 9.52 3.37
American International Group Inc 5.08 2.69
United Parcel Service Inc Class B 14.89 2.59
Southern Co 35.19 2.55
General Electric Co --- 2.52
Anthem Inc 20.06 2.44
Qualcomm Inc 14.67 2.42
AbbVie Inc 21.14 2.21
CF Industries Holdings Inc 12.74 2.17
Sempra Energy 53.72 2.08
Data through 2022-03-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Active Management, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Other, Large Cap, Financials Sector
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  Other Information
Inception Date: 1994-03-31
Portfolio Manager(s)
John D. Linehan   (2015-11-01)
John Linehan is the portfolio manager for the Equity Income Strategy and co-portfolio manager of the US Large-Cap Value Strategy for T. Rowe Price. In addition, he is the chief investment officer of Equity and a member of the firm's US Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. Mr. Linehan is Chairman of the Investment Advisory Committee at T. Rowe. He is a large-cap value portfolio manager in the U.S. Equity Division and also co-chair of the Investment Advisory Committee for the Institutional Large-Cap Value Strategy. From February 2010 to June 2014, Mr. Linehan was head of U.S. Equity and chairman of the U.S. Equity Steering Committee. He is a member of the firm's U.S. Equity Steering, Equity Brokerage and Trading Control, and Counterparty Risk Committees. He earned a B.A. from Amherst College and an M.B.A. from Stanford University, where he was the Henry Ford II Scholar, an Arjay Miller Scholar, and the winner of the Alexander A. Robichek Award in finance. Mr. Linehan is a CFA® charterholder.
Investment Advisor(s)
T. Rowe Price Associates, Inc.
T. Rowe Price
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